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Investors earned N10.5 trillion as equity market capitalization soared in the just ended trading week.
The market strengthened in four trading sessions as the federal government designated Friday, May 1 2026 as a public holiday to commemorate Labor Day 2026.
The market value increased to N155.9 trillion from N145.3 trillion recorded last week, while the All-Share Index (ASI) appreciated by 7.33% to close the week at 242,277.81 points, up from 225,722.49 points recorded the previous week.
The Nigerian equity market started the week on Monday, April 27, 2026, on a bearish note, with investors losing N1. 3 trillion at the end of the trading session.
The trend reversed on Tuesday, April 28, 2026, as investors earned N3.3 trillion in five hours.
The bullish trend continued on Wednesday, April 29, 2026, as investors earned N5.4 trillion at the close of trading.
The market closed positive on Thursday, April 30, 2026, as investors gained N3.2 trillion.
The market is closed on Friday 1 May 2026 due to the May Day Celebration.
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Meanwhile, the total transactions carried out by investors on the Exchange floor this week were 4.842 billion shares worth ₦287.756 billion from 332,453 transactions, in contrast to a total of 3.805 billion shares worth ₦213.955 billion traded last week in 297,202 transactions.
The Financial Services industry (measured by volume) led the activity charts with 3.755 billion shares worth ₦124.398 billion traded in 146,938 transactions: thus contributing 77.56% and 43.23% respectively to the total volume and value of equity turnover.
The Consumer Goods industry followed with 177.009 million shares worth ₦30.853 billion in 36,609 transactions.
In third position is the Services Industry with a transaction value of 176.809 million shares worth ₦4.387 billion in 15,310 transactions.
Trading in the top three equities, namely Access Holdings Plc, United Bank for Africa Plc and Wema Bank Plc (measured by volume), accounted for 2.026 billion shares worth ₦60.036 billion in 39,925 transactions, contributing 41.85% and 20.86% respectively to the total volume and value of equity turnover.
Fifty-two (52) shares appreciated this week, higher than forty-six (46) shares in the previous week. Fifty-three (53) equities experienced price depreciation, the same as fifty-three (53) equities in the previous week, while forty-one (41) equities were unchanged, lower than the forty-seven (47) recorded in the previous week.
Zichis Agro Allied Industries Plc recorded the largest percentage increase in share price, gaining 39.62% followed by The Initiates Plc, which also increased its share price by 33.04%.
UACN Plc also increased its share price by 27.82%
On the other hand, United Bank For Africa Plc recorded the largest percentage drop in share price, losing 22.27% followed by Royal Exchange Plc, which dropped its share price by 20.00% in the process.
Trans-Nationwide Express Plc also lowered its share price by 18.99%.
By: Babajide Okeowo
